Overview
What is Henrietta Greenwood & Union Mutual Fire Ins Co?
Henrietta Greenwood & Union Mutual Fire Ins Co is a cooperative farm mutual insurance company situated in Wonewoc, Wisconsin. With a total of 199 policyholders as of December 31, 2022, this nonprofit organization focuses on providing property and casualty insurance coverage. The company's mission is to offer insurance services, primarily consisting of premiums, with gross receipts not exceeding 600,000. With a modest workforce of three employees, Henrietta Greenwood & Union Mutual Fire Ins Co ensures the protection and wellbeing of its farming community, providing essential peace of mind through their insurance offerings.
Is Henrietta Greenwood & Union Mutual Fire Ins Co legitimate?
Henrietta Greenwood & Union Mutual Fire Ins Co is a legitimate nonprofit organization registered as a 501(c)(15) entity. Henrietta Greenwood & Union Mutual Fire Ins Co submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $28,327
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Henrietta Greenwood & Union Mutual Fire Ins Co?
Henrietta Greenwood & Union Mutual Fire Ins Co is an insurance company that operates as a cooperative, providing property and casualty insurance coverage to its 197 policyholders. The company's mission is centered around offering insurance services to its members, with a focus on policyholders whose gross receipts do not exceed 600,000, with over half of this revenue coming from insurance premiums. The organization's activities are primarily dedicated to managing and distributing insurance benefits to its policyholders, with expenses reported at the end of 2022, amounting to coverage for 199 policyholders.
Who is the CEO of Henrietta Greenwood & Union Mutual Fire Ins Co?
Sharon Laubscher is the Secretary of Henrietta Greenwood & Union Mutual Fire Ins Co.
What is the revenue of Henrietta Greenwood & Union Mutual Fire Ins Co?
Henrietta Greenwood & Union Mutual Fire Ins Co's revenue in 2022 was $434,569.
Who are the executives of Henrietta Greenwood & Union Mutual Fire Ins Co and what are their salaries?
The average compensation at Henrietta Greenwood & Union Mutual Fire Ins Co during 2022 was $9,442. There are 3 employees at Henrietta Greenwood & Union Mutual Fire Ins Co.
Here are 9 key members and their salaries:
- Compensation: $15,087
- Related: $0
- Other: $0
- Compensation: $8,383
- Related: $0
- Other: $0
- Compensation: $1,418
- Related: $0
- Other: $0
- Compensation: $1,080
- Related: $0
- Other: $0
- Compensation: $800
- Related: $0
- Other: $0
- Compensation: $673
- Related: $0
- Other: $0
- Compensation: $580
- Related: $0
- Other: $0
- Compensation: $194
- Related: $0
- Other: $0
- Compensation: $112
- Related: $0
- Other: $0
Where can I find the form 990 for Henrietta Greenwood & Union Mutual Fire Ins Co?
Henrietta Greenwood & Union Mutual Fire Ins Co's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Henrietta Greenwood & Union Mutual Fire Ins Co
Henrietta Greenwood & Union Mutual Fire Ins Co is a cooperative insurance company that carries out a mission to provide property and casualty insurance coverage for its 197 policyholders. The company's mission is centered around offering insurance services, with a significant portion of its activities focusing on property and casualty insurance. This mission is particularly notable as the policyholders' gross receipts do not surpass the threshold of 600,000, with more than half of these receipts derived from insurance premiums. The company's primary objective is to manage expenses and deliver property and casualty benefits to its policyholders, ensuring their financial security and protection.
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Impact
October, 2024
Henrietta Greenwood & Union Mutual Fire Insurance Company plays a vital role in its community by offering property and casualty insurance coverage tailored to the needs of its policyholders in Wonewoc, Wisconsin. With a focus on cooperative mutual insurance, it provides financial protection and peace of mind to its 199 policyholders, ensuring that they have a safety net in the event of property damage or casualty events.
The company is structured to prioritize the needs of its members, allowing policyholders to benefit directly from their investment in the cooperative. By maintaining gross receipts under $600,000, with over half derived from premiums, it remains committed to affordability and accessibility. The cooperative model encourages a sense of community and mutual support among members, emphasizing shared benefits and collective risk management.
Through its operations, Henrietta Greenwood & Union Mutual Fire Insurance Company not only supports the financial well-being of its members but also contributes to the local economy by fostering stability and resilience in the face of potential losses. The emphasis on mutual benefit ensures that the focus remains on serving the community's needs, making it a significant player in the region's insurance landscape.
This information is meant to be a general summary of Henrietta Greenwood & Union Mutual Fire Ins Co. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,248
- Program Service Revenue: $428,088
- Gross Receipts: $434,569
Assets and Liabilities:
- Total Assets: $666,131
- Total Liabilities: $62,960
- Net Assets: $603,171
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premiums earned
Revenue
$201,954
Reinsurance recoveries and commissions
Revenue
$226,134
Organization Details
Founding Year
1905
Phone
(608) 464-3500Principal Officer
Sharon Laubscher
Main Address
E2064 State Road 33, Wonewoc, WI, 53968
NTEE Category
Code: Y20 - Mutual benefit
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